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Local Electricity Markets

Local Electricity Markets
A Book

by Tiago Pinto,Zita Vale,Steve Widergren

  • Publisher : Academic Press
  • Release : 2021-07-03
  • Pages : 472
  • ISBN : 0128226668
  • Language : En, Es, Fr & De
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Local Electricity Markets introduces the fundamental characteristics, needs, and constraints shaping the design and implementation of local electricity markets. It addresses current proposed local market models and lessons from their limited practical implementation. The work discusses relevant decision and informatics tools considered important in the implementation of local electricity markets. It also includes a review on management and trading platforms, including commercially available tools. Aspects of local electricity market infrastructure are identified and discussed, including physical and software infrastructure. It discusses the current regulatory frameworks available for local electricity market development internationally. The work concludes with a discussion of barriers and opportunities for local electricity markets in the future. Delineates key components shaping the design and implementation of local electricity market structure Provides a coherent view on the enabling infrastructures and technologies that underpin local market expansion Explores the current regulatory environment for local electricity markets drawn from a global panel of contributors Exposes future paths toward widespread implementation of local electricity markets using an empirical review of barriers and opportunities Reviews relevant local electricity market case studies, pilots and demonstrators already deployed and under implementation

Local Electricity Markets

Local Electricity Markets
A Book

by Pavlos Schoinas

  • Publisher : Unknown Publisher
  • Release : 2017
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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This master thesis has as an objective the development of an electricity market. It is a research project that aims to be the foundation for a bigger and more thorough analysis. It examines the implementation of a local electricity market in a residential network equipped with renewable generation and storage technologies. In the context of this project the electricity market is defined as a real-time market focused on the exchange of active power. This thesis focuses on examining the effects on electricity prices that different pricing and consumption strategies have. In this context the feasibility of the results, from a power flow point, are not examined. The network in question is considered to be connected to the low voltage, alternating current grid and it comprises exclusively of households. It is a perfectly competitive market in the sense that no single player can exercise market power on his own, in order to raise prices. Simulations are conducted in a MATLAB environment to investigate the effects of different pricing and consumption strategies on the clearing prices of the market, as well as to determine the viability of such a market. The viability of the project in the context of this thesis is examined only from a financial aspect. Prices are not chosen arbitrarily but aim to mirror real world costs and more specifically the Levelized Costs of Energy and Storage. It is against these quantities that the resulting prices are compared to conclude about the viability of the project. Furthermore a cartel situation is simulated to investigate possible outcomes. Again in the context of this thesis a cartel is assumed to be a consortium of players colluding for financial gain, a fraction of the market players that offers higher prices and instigate atypical market operation. The results demonstrate the viability of such a market, as well as the effects of the cartel situation. Each scenario is examined separately and then compared against the rest. Finally a cost analysis is conducted in order to show the costs of such a study in the real world.

Cooperation in local electricity markets

Cooperation in local electricity markets
modelling of technical measures

by Maria Andersson

  • Publisher : Linköping University Electronic Press
  • Release : 2020-04-14
  • Pages : 79
  • ISBN : 917871897X
  • Language : En, Es, Fr & De
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This thesis presents a system analysis for co-operation in local electricity markets including distributors and customers. The purpose of co-operation is to minimise the system cost of local markets by introducing system measures, such as end-use measures and municipal co-generation plants. Co-operation will strengthen the position of local markets in the national as well as future international electricity markets. With end-use measures local markets will achieve flexibility, additional reserve capacity and ability to avoid sudden large costs for peak loads. Biomass-fired cogeneration plants can become of great importance in an international market. In Sweden there is a simultaneous demand for electricity and district heating, many local markets already include district heating systems and there are major forest areas which can contribute with renewable fuel. The system analysis is partly based on the simulation model (INDSIM) and the linear programming model (MODEST). The simulation model has been further developed (STRATO) to include calculation of system costs. Shadow price analysis has been developed in order to study incentives for system measures. Calculation procedures have been developed that describe cooperation between distributor and customer. Six case studies of a selection of real, existing local markets in Sweden are presented. The studies show the potential economical effects of co-operation measured by system costs and shadow prices. Co-operation has been considered between demand- and supply-side, electricity- and district heating systems and also between different time periods. In a typical local market with 90 000 inhabitants, if end use measures are introduced without cooperation the system cost of the distributor will increase by 14 million SEK for a time period of 25 years. If instead end-use measures are introduced in co-operation, together with a biomass-fired cogeneration plant, the system cost of the local market will be reduced by 444 million SEK. Furthermore, the use of biomass in the local market is increased from 36 to 72 % while the use of oil is decreased from 34 to 1%. Another case study of another local market (50 000 inhabitants) shows that end-use measures will reduce the system cost (excluding investment costs) of an industry by 50 % corresponding to 1.3 million SEK for one year. The end-use measures imply reduced power demand during peak load periods in the local market and increased power demand during non- peak load periods.

Engineering Local Electricity Markets for Residential Communities

Engineering Local Electricity Markets for Residential Communities
A Book

by Esther Marie Mengelkamp

  • Publisher : Unknown Publisher
  • Release : 2019
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Optimal Prediction Games in Local Electricity Markets

Optimal Prediction Games in Local Electricity Markets
A Book

by Randall Martyr

  • Publisher : Unknown Publisher
  • Release : 2015
  • Pages : 329
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Local Electricity Markets Design and Operation in Distribution Power Systems

Local Electricity Markets Design and Operation in Distribution Power Systems
A Book

by Pol Olivella Rosell

  • Publisher : Unknown Publisher
  • Release : 2020
  • Pages : 246
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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In the context of distributed generation growth, local grids could face operational issues. In that sense, smart grid deployment will give information to local grid operators about grid status at medium and low voltage levels for taking operational decisions on daily basis. This thesis presents local markets as a potential solution to avoid local grid congestions and over-costs. They mainly increase the negotiation power of end-users with distributed energy resources and allow activation of flexibility at local level.First of all, this thesis analyses electric vehicles as a potential challenge for distribution grids and electricity markets in case of uncontrolled charging as it could cause consumption peaks. At the same time, electric vehicles could be part of the solution thanks to their capability of shifting forward their consumption. The first solution presented in this thesis is a building level electric vehicle management algorithm in order to reduce energy cost and consumption peaks.However, local grid operators need a solution to deal with aggregated level problems like high demand or high generation periods. Such kind of problems vary over time and place, and they could be difficult to integrate in regular grid tariffs. Therefore, the present thesis provides two local market designs for these problems. The first local market presented is designed for taking advantage of renewable energy producers before and after the whole-sale day-ahead market without threatening distribution grids and increasing the local social welfare. However, this market implies significant regulatory changes because the local market operator should take sorne of the current local grid operator regulated activities.Therefore, this thesis presents a second market design for managing portfolios of consumers, producers and prosumers, and it could be operated by retailers, balance responsible parties or aggregators for flexibility provision without regulatory issues. The work includes a description of roles, contracts and interactions of such local flexibility market, and three optimization algorithms depending on the application, complexity and portfolio scale. The first algorithm assumes limited information about each site, the second one includes such information but presents potential scalability limitations, and the last algorithm is based on a decomposition method to optimise the aggregator portfolio in a distributed way reducing the computational burden and time.

Micro and Local Power Markets

Micro and Local Power Markets
A Book

by Andreas Sumper

  • Publisher : John Wiley & Sons
  • Release : 2019-06-13
  • Pages : 288
  • ISBN : 1119434564
  • Language : En, Es, Fr & De
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Introduces readers to micro and local power markets and their use for local initiatives, grid integration, and future applications This book provides the basis for understanding micro power markets, emphasizing its application for local initiatives, the grid integration of renewable-based generation, and facilitating the decarbonization of the future electrical networks. It gives readers a comprehensive overview of the market operation, and highlights the basis of the design of local and micro markets. Micro and Local Power Markets starts by covering the economics and basic principle of power markets, including the fundamentals of the power trading (for both wholesale and local markets). Following a definition of both micro and local (technical and economic aspects) power markets, the book then looks at the organization of such markets. It describes the design of those power markets, isolated from the wholesale markets, and examines the methodologies of the interaction between these power markets and wholesale markets. The book also presents cognitive business models for micro and local power markets, as well as the regulatory issues concerning them. Introduces the basic principle of power markets Defines micro and local power markets Outlines the design of micro and local power markets, including the principles, as well as the trading schemes, flexibility, and services Discusses methodologies of the interaction between micro and local power markets and wholesale markets Presents business models for micro and local power markets Summarizes regulatory issues around micro and local power markets Micro and Local Power Markets is an ideal book for upper undergraduate students in engineering, as well as for early researchers in the energy sector. It is also recommended for any scientist and engineer being introduced to the field of power systems and their organization.

Design the Electricity Market(s) of the Future

Design the Electricity Market(s) of the Future
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 2017
  • Pages : 329
  • ISBN : 9789290845775
  • Language : En, Es, Fr & De
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The European power system is facing profound changes as it transitions towards full decarbonisation. Stakeholders are confronted with the empowering of the energy customer through demand response and storage solutions and the deployment of decentralised, renewable generation, which progressively reduces the sector's carbon footprint. The structure of the electricity market will have to adapt to these changes and we must develop new business models. In partnership with the Florence School of Regulation (FSR), EURELECTRIC has opened the debate and gathered innovative visions for the functioning of a fully decarbonised electricity market. A joint call for contributions in 2016 triggered the interest of academics and energy experts from across the continent. They presented their suggestions at a dedicated event on 7 June, in Brussels. This e-book, built on the proceedings of that conference, is an attempt to provide insights for the public discussion and to inspire future debates on the topic. The high-level papers present different scenarios for 2050. There are some interesting proposals on how to design a market which is flexible enough to face the challenge of increasing levels of RES. Also, attention is given to investment conditions, the perception of risk and the impact of risk adjustments on capital cost in a market where RES marginal costs could be near-zero. Other scenarios address the increasing interest in local electricity markets in a world where consumers are also prosumers and daily use electric vehicles and storage facilities, and have the flexibility to do so. The power sector is undergoing a complex and long-term transformation: accelerated technological change, shifting consumer preferences, the application of ICT technology to link power generation and demand as well as the evolving EU climate and energy policy agenda are some of the key drivers impacting the industry. They provide unprecedented challenges but also important opportunities for the sector. In the midst of this energy transition, Europe needs to ensure secure, sustainable, affordable and competitive energy for all its citizens and businesses. With this book we hope to stimulate the debate on the right market design for our common low-carbon future.

Power to the People

Power to the People
How Local Governments Can Build Green Electricity Markets

by Peter Asmus

  • Publisher : Unknown Publisher
  • Release : 1998
  • Pages : 15
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Power Markets and Economics

Power Markets and Economics
Energy Costs, Trading, Emissions

by Barrie Murray

  • Publisher : John Wiley & Sons
  • Release : 2009-02-25
  • Pages : 324
  • ISBN : 9780470743010
  • Language : En, Es, Fr & De
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It is now almost twenty years since liberalisation and the introduction of competition was proposed for electricity utilities. Some form of restructuring has been widely adopted around the world to suit local objectives. The industry now faces new challenges associated with global warming, rising prices and escalating energy demand from developing countries like China and India. The industry will have to cope with; managing emissions; managing variable energy sources like wind, dev eloping clean coal technology; accommodating distributed generation and new nuclear stations and managing the impact of these developments on the distribution and transmission networks. It is now necessary to consider how the various market structures that were adopted have performed and how they will address some of these new issues and what further changes might be necessary. This volume presents an all-inclusive analysis of the electricity market structures that have been adopted around the world and how they are performing. It provides an up-to-date analysis of the cost of competing technologies, the operation of energy and ancillary service markets and the impact of renewable sources and emission restrictions. It takes a forward look at likely future developments necessary to cope with the new emerging issues. Part One introduces industry infrastructure, analysing state utilities, the motives behind liberalisation and the resulting structures. Part Two considers generation costs, including renewable generation costs, and investigates the cost of restricting emissions as well as transmission and distribution costs. Part Three discusses market operation, describing how costs affect the organisation of power generation. It covers trading arrangements, ancillary services, international trading and investment. Part Four looks to future markets and technological developments that will shape the industry through the next twenty years. This includes the appraisal of investment opportunities for global power companies and implications for market performance. Written by an internationally renowned consultant engineer, this book is full of expert insight and balances fundamental methodology and academic theory with practical information and diverse worked examples. This is an excellent reference on the topic for power system engineers, regulators, banks, investors, and government energy agencies. With its many worked examples, it is also a brilliant tutorial accessible for postgraduates and senior undergraduates in electrical and power engineering.

Microgrids

Microgrids
Advances in Operation, Control, and Protection

by Amjad Anvari-Moghaddam,Hamdi Abdi,Behnam Mohammadi-Ivatloo,Nikos Hatziargyriou

  • Publisher : Springer Nature
  • Release : 2021-04-16
  • Pages : 643
  • ISBN : 3030597504
  • Language : En, Es, Fr & De
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This book provides a comprehensive overview on the latest developments in the control, operation, and protection of microgrids. It provides readers with a solid approach to analyzing and understanding the salient features of modern control and operation management techniques applied to these systems, and presents practical methods with examples and case studies from actual and modeled microgrids. The book also discusses emerging concepts, key drivers and new players in microgrids, and local energy markets while addressing various aspects from day-ahead scheduling to real-time testing of microgrids. The book will be a valuable resource for researchers who are focused on control concepts, AC, DC, and AC/DC microgrids, as well as those working in the related areas of energy engineering, operations research and its applications to energy systems. Presents modern operation, control and protection techniques with applications to real world and emulated microgrids; Discusses emerging concepts, key drivers and new players in microgrids and local energy markets; Addresses various aspects from day-ahead scheduling to real-time testing of microgrids.

From Distribution Networks to Smart Distribution Systems

From Distribution Networks to Smart Distribution Systems
Rethinking the Regulation of European Electricity DSOs (topic 12).

by Anonim

  • Publisher : Unknown Publisher
  • Release : 2013
  • Pages : 86
  • ISBN : 9789290841432
  • Language : En, Es, Fr & De
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Future of Utilities - Utilities of the Future

Future of Utilities - Utilities of the Future
How Technological Innovations in Distributed Energy Resources Will Reshape the Electric Power Sector

by Fereidoon P. Sioshansi

  • Publisher : Academic Press
  • Release : 2016-03-15
  • Pages : 492
  • ISBN : 0128043202
  • Language : En, Es, Fr & De
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Future of Utilities - Utilities of the Future: How technological innovations in distributed generation will reshape the electric power sector relates the latest information on the electric power sector its rapid transformation, particularly on the distribution network and customer side. Trends like the rapid rise of self-generation and distributed generation, microgrids, demand response, the dissemination of electric vehicles and zero-net energy buildings that promise to turn many consumers into prosumers are discussed. The book brings together authors from industry and academic backgrounds to present their original, cutting-edge and thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector. The book's first part lays out the present scenario, with concepts such as an integrated grid, microgrids, self-generation, customer-centric service, and pricing, while the second part focuses on how innovation, policy, regulation, and pricing models may come together to form a new electrical sector, exploring the reconfiguring of the current institutions, new rates design in light of changes to retail electricity markets and energy efficiency, and the cost and benefits of integration of distributed or intermittent generation, including coupling local renewable energy generation with electric vehicle fleets. The final section projects the future function and role of existing electrical utilities and newcomers to this sector, looking at new pathways for business and pricing models, consumer relations, technology, and innovation. Contains discussions that help readers understand the underlying causes and drivers of change in the electrical sector, and what these changes mean in financial, operational, and regulatory terms Provides thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector Helps readers anticipate what developments are likely to define the function and role of the utility of the future

RESTRUCTURED ELECTRICITY MARKETS: Three States' Experiences in Adding Generating Capacity

RESTRUCTURED ELECTRICITY MARKETS: Three States' Experiences in Adding Generating Capacity
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 2002
  • Pages : 57
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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In response to the Energy Policy Act of 1992, the Federal Energy Regulatory Commission, 24 states, and Washington, D.C., restructured electricity markets by shifting from service provided through a regulated monopoly-the local electric utility-to service provided through open competition among the local utility and its competitors. The 24 states and Washington, D.C., accounted for about 55 percent of total U.S. electricity retail sales in 1999. The restructuring was intended to increase competition and expand consumer choice in order to lead to increased efficiency and lower prices. In states that have restructured, decisions about whether to build new power plants to add to a region's generating capacity are made by independent developers-private companies not regulated by state utility commissions. Previously, the utilities and states' utility regulators made these decisions. To evaluate the adequacy of supplies of electricity, the North American Electricity Reliability Council- a voluntary organization of utilities-forecasts the generating capacity needed to meet future electricity demand.

Energy Storage in Energy Markets

Energy Storage in Energy Markets
Uncertainties, Modelling, Analysis and Optimization

by Behnam Mohammadi-Ivatloo,Amin Mohammadpour Shotorbani,Amjad Anvari-Moghaddam

  • Publisher : Academic Press
  • Release : 2021-04-30
  • Pages : 490
  • ISBN : 0128203838
  • Language : En, Es, Fr & De
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Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems

Electric Choices

Electric Choices
Deregulation and the Future of Electric Power

by Andrew N. Kleit

  • Publisher : Rowman & Littlefield
  • Release : 2007
  • Pages : 242
  • ISBN : 9780742548763
  • Language : En, Es, Fr & De
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Electricity is one of the largest and most vital industries in the U.S. economy, with sales exceeding $200 billion annually. While electricity represents the backbone of commerce, industry, and household production, the structure of the industry has been changing in rather dramatic ways. After being heavily regulated for more than a century by local, state, regional, and federal authorities, deregulation is taking center stage. In general, deregulation results in lower prices, more product choices, and more rapid technological advances. Conversely, rate regulation has inherent flaws, including the encouragement of waste and inefficiency, and a retarding of innovation. There is little doubt to the contributors of this book that putting regulation aside offers enormous efficiency gains in the production of electricity. But can market forces handle the delicate matter of transmitting electricity when the simple model of supply and demand must be more precise than other goods and services? How much regulation does the electric industry need? The essays in this timely collection explore these difficult questions and propose a new, market-based plan to improve America's electrical future. Published in cooperation with The Independent Institute.

Beyond Gridlock

Beyond Gridlock
The Case for Greater Integration of Regional Electricity Markets

by Richard Pierce,Michael J. Trebilcock,Evan Thomas,C.D. Howe Institute

  • Publisher : Unknown Publisher
  • Release : 2006
  • Pages : 25
  • ISBN : 9780888066800
  • Language : En, Es, Fr & De
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In contrast to commodity & manufactured goods markets, many electricity markets have been largely local in nature and have entailed very limited trading across jurisdictions. This paper explains why this is so and makes the case for greater regional integration of electricity markets in the future. Part I discusses the effects of greater regional integration of electricity markets and identifies both the benefits and potential or perceived adverse effects of increased integration. Part II presents a diagnostic tool for assessing electricity markets in diverse jurisdictions. It identifies & discusses seven preconditions for success in designing & implementing a large regional market. Part III provides an overview of the present electricity market in Canada and analyzes the situation in Ontario with reference to the above seven preconditions. Finally, conclusions are drawn on how Canada can enhance the performance of its electricity market by increasing both the size of the market and the degree of integration.

Managing Unilateral Market Power in Electricity

Managing Unilateral Market Power in Electricity
A Book

by Frank A. Wolak

  • Publisher : World Bank Publications
  • Release : 2005
  • Pages : 27
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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"This paper first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and delivery make a reliable transmission network a necessary condition for an efficient wholesale market. These features of the electricity supply industry also make antitrust or competition law alone an inadequate foundation for an electricity market monitoring process.

EIoT

EIoT
The Development of the Energy Internet of Things in Energy Infrastructure

by Steffi O. Muhanji,Alison E. Flint,Amro M. Farid

  • Publisher : Springer
  • Release : 2019-01-01
  • Pages : 160
  • ISBN : 3030104273
  • Language : En, Es, Fr & De
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This open access book explores the collision between the sustainable energy transition and the Internet of Things (IoT). In that regard, this book’s arrival is timely. Not only is the Internet of Things for energy applications, herein called the energy Internet of Things (eIoT), rapidly developing but also the transition towards sustainable energy to abate global climate is very much at the forefront of public discourse. It is within the context of these two dynamic thrusts, digitization and global climate change, that the energy industry sees itself undergoing significant change in how it is operated and managed. This book recognizes that they impose five fundamental energy management change drivers: 1.) the growing demand for electricity, 2.) the emergence of renewable energy resources, 3.) the emergence of electrified transportation, 4.) the deregulation of electric power markets, 5.) and innovations in smart grid technology. Together, they challenge many of the assumptions upon which the electric grid was first built. The goal of this book is to provide a single integrated picture of how eIoT can come to transform our energy infrastructure. This book links the energy management change drivers mentioned above to the need for a technical energy management solution. It, then, describes how eIoT meets many of the criteria required for such a technical solution. In that regard, the book stresses the ability of eIoT to add sensing, decision-making, and actuation capabilities to millions or perhaps even billions of interacting “smart" devices. With such a large scale transformation composed of so many independent actions, the book also organizes the discussion into a single multi-layer energy management control loop structure. Consequently, much attention is given to not just network-enabled physical devices but also communication networks, distributed control & decision making, and finally technical architectures and standards. Having gone into the detail of these many simultaneously developing technologies, the book returns to how these technologies when integrated form new applications for transactive energy. In that regard, it highlights several eIoT-enabled energy management use cases that fundamentally change the relationship between end users, utilities, and grid operators. Consequently, the book discusses some of the emerging applications for utilities, industry, commerce, and residences. The book concludes that these eIoT applications will transform today’s grid into one that is much more responsive, dynamic, adaptive and flexible. It also concludes that this transformation will bring about new challenges and opportunities for the cyber-physical-economic performance of the grid and the business models of its increasingly growing number of participants and stakeholders.

Restructured Electricity Markets

Restructured Electricity Markets
Three States' Experiences in Adding Generating Capacity

by Jim Wells,Richard Cheston

  • Publisher : DIANE Publishing
  • Release : 2002-11
  • Pages : 52
  • ISBN : 9780756728274
  • Language : En, Es, Fr & De
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The Fed. Energy Reg. Comm. & 24 states restructured elec. markets by shifting from service provided through a regulated monopoly -- the local elec. utility -- to service provided through open competition among the local utility & its competitors. The restructuring was intended to increase competition & expand consumer choice in order to lead to increased efficiency & lower prices. Citing the importance of quickly adding new power plants (NPP) when needed as a key factor in balancing the supply & demand for elec. in restructured markets, this report compares the experience of Cal. in adding NPP with the experiences of 2 other states -- PA, which operates as part of an innovative regional elec. market, & TX, which has successfully added NPP.